THE IMPACT OF THE CORONAVIRUS PANDEMIC ON THE ENERGY SECTOR

Oana Chindris-Vasioiu and Madalina Tocan ()
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Madalina Tocan: Institute of National Economy, Romanian Academy

Management Strategies Journal, 2021, vol. 54, issue 4, 12-19

Abstract: In the context in which energy has become a vital component, a cost factor for economic development, the paper represents an analysis regarding the importance and approach of the energy sector in the European Union (EU), the energy strategy for Romania and an analysis of the energy crisis caused by the Coronavirus Pandemic. The article briefly presents the European Union's energy policy, which is a key element in achieving national energy strategies, each country, including Romania, acting in the energy sector so as to meet the EU's global and sustainable energy policy goals. The current Coronavirus crisis is having wider effects than those related to public health, with profound and long-term socio-economic consequences. Pre-existing factors leading to energy poverty have amplified all this time, by decreasing or losing revenue and increasing bills due to increased energy consumption..

Keywords: energy efficiency; energy markets; energy strategy; European Union (search for similar items in EconPapers)
JEL-codes: Q43 Q48 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:brc:journl:v:54:y:2021:i:4:p:12-19

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